Grimsby-based specialist engineering company Fowler & Holden is set to expand its manufacturing facilities and invest in new machinery following a £250,000 funding package from HSBC UK. The support will allow the business to expand its facilities through the addition of new and repurposed factory space, with the additional space used to house a second moulding line and new plant room. This expansion will increase the privately-owned company’s production capacity by up to 80% and create up to 14 new jobs.
The HSBC funding will also enable investment in new equipment, which includes a sand recycling machine so that the business can re-use up to 95% of the sand from its casting process, substantially reducing waste. As a result, there will be a reduced need for sand quarrying, while fewer HGVs will be required for transportation.
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